The British Columbia Real Estate Association (BCREA)
reports that a total of 6,498 residential sales were recorded by the Multiple
Listing Service® (MLS®) in BC during September, up 43.2 per cent from September
2012. Total sales dollar volume was 55.7 per cent higher than a year ago at
$3.49 billion. The average MLS® residential price in the province was $537,458,
up 8.8 per cent from September 2012.
"Consumer demand for housing in September was the
strongest in four years,” said Cameron Muir, BCREA Chief Economist. “After
declining for most of 2012, BC home sales have increased now for seven
consecutive months."
"While a return to a more normal level of demand is
good news for buyers and sellers, relatively weak economic conditions and muted
provincial job growth will likely limit continued acceleration of home sales
over the next few quarters,” added Muir.
Year-to-date, BC residential sales dollar volume was up
5.7 per cent to $30 billion, compared to the same period last year. Residential
unit sales were up 3.1 per cent to 56,347 units, while the average MLS®
residential price was up 2.6 per cent at $532,745.
Copyright BCREA –reprinted with permission
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